Income and Environment: An Examination of Convergence

Soumyananda Dinda ()

MPRA Paper from University Library of Munich, Germany

Abstract: The effective policy prescription depends on the actual position of the economy. This paper search for evidence of the linkage between economic growth and environment. To be specific, the paper is intended to observe how economic growth is systematically linked to the position of the economy as well as environmental quality. This systematic link is a foundation for the convergence of an economy towards steady state and the paper concentrates on growth theory and convergence highlighting on relative factor intensities of the two production sectors in determining the transitional dynamics of the system. The model predicts that average growth rate of output is inversely related to the initial level of output and directly associated with initial base level of environment.

Keywords: Convergence; Environment; Factor intensity; Growth Theory; Steady State; Transitional Dynamic (search for similar items in EconPapers)
JEL-codes: O41 O44 Q2 Q5 Q52 (search for similar items in EconPapers)
Date: 2002, Revised 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109262

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